Optimization problem - maximizing profits

Hi,

I'm trying to solve for the following optimization problem:

I'm hoping that someone can confirm with me whether or not my calculations are right:

The answer according to the textbook is $1100 or $1125. I was able to get the answer of of $1125, but I have no clue where the alternative answer of $1100 came from. Can someone help? Can someone also confirm the domain restriction for this question? I just said that x had to be greater than 0, but I feel like I may not be entirely correct.

Re: Optimization problem - maximizing profits

Okay thanks... so when I get a number (8.5 in this case) that is in-between two integers (8 and 9) I don't "round up" as I normally would, but instead consider both the values in-between 8 and 9? That doesn't seem intuitive to me.

Re: Optimization problem - maximizing profits

Originally Posted by otownsend

Okay thanks... so when I get a number (8.5 in this case) that is in-between two integers (8 and 9) I don't "round up" as I normally would, but instead consider both the values in-between 8 and 9? That doesn't seem intuitive to me.

Rounding has nothing to do with it. Without getting lost in the technical weeds, you need to test both 8 and 9 to see whether one or the other gives a higher profit. If they give the same profit you can choose either.

Re: Optimization problem - maximizing profits

To expand a bit. Calculus doesn't know about integers, which are discrete. It deals with continuous functions. So calculus tells us that there may be an integer answer close to 8.5, but it cannot say which integer gives the optimum answer. It is very similar to the situation involving boundary conditions, where calculus does not let you exclude the boundary.

Re: Optimization problem - maximizing profits

Yes, that is what JeffM just said: "So calculus tells us that there may be an integer answer close to 8.5, but it cannot say which integer gives the optimum answer." If x is very close to an integer, that integer may be more likely to be the correct one but you cannot be sure of that.